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EUR/USD Price Analysis: Interim hurdle lines up at 1.1917

  • EUR/USD reclaims ground lost on Tuesday and returns to the 1.1870/80 band.
  • Further north emerges the interim resistance at 1.1917.

EUR/USD leaves behind Tuesday’s pullback and refocuses on the upper end of the recent range, although still below the 1.19 yardstick.

Extra upside stays well on the table as long as last week’s tops near 1.1920 are cleared. Further up comes in the August’s peak at 1.1965 ahead of the 2020 highs beyond the psychological 1.20 mark.

Looking at the broader scenario, the bullish view on EUR/USD is expected to remain unchanged as long as the pair trades above the critical 200-day SMA, today at 1.1213.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.1869
Today Daily Change44
Today Daily Change %0.19
Today daily open1.1847
 
Trends
Daily SMA201.1842
Daily SMA501.1724
Daily SMA1001.1411
Daily SMA2001.1212
 
Levels
Previous Daily High1.1901
Previous Daily Low1.184
Previous Weekly High1.1918
Previous Weekly Low1.1753
Previous Monthly High1.1966
Previous Monthly Low1.1696
Daily Fibonacci 38.2%1.1863
Daily Fibonacci 61.8%1.1877
Daily Pivot Point S11.1824
Daily Pivot Point S21.1801
Daily Pivot Point S31.1763
Daily Pivot Point R11.1885
Daily Pivot Point R21.1924
Daily Pivot Point R31.1946

Author

Pablo Piovano

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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